Maria and Miguel are successful business people with 5 children and 17 grandchildren. They are current...

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Maria and Miguel are successful business people with 5 children and 17 grandchildren. They are current 80 and have a networth of $30 million. You have talked to them about the benefits of using annual gifting to reduce the size of their estate. How much would they be able to gift using their 2023 annual gifting exclusion amount if they both gift to the children and grandchildren? Maria and Miguel are successful business people with 5 children and 17 grandchildren. They are current 80 and have a networth of $30 million. You have talked to them about the benefits of using annual gifting to reduce the size of their estate. How much would they be able to gift using their 2023 annual gifting exclusion amount if they both gift to the children and grandchildren? Maria and Miguel are successful business people with 5 children and 17 grandchildren. They are current 80 and have a networth of $30 million. You have talked to them about the benefits of using annual gifting to reduce the size of their estate. How much would they be able to gift using their 2023 annual gifting exclusion amount if they both gift to the children and grandchildren? Maria and Miguel are successful business people with 5 children and 17 grandchildren. They are current 80 and have a networth of $30 million. You have talked to them about the benefits of using annual gifting to reduce the size of their estate. How much would they be able to gift using their 2023 annual gifting exclusion amount if they both gift to the children and grandchildren?

Answer rating: 100% (QA)

The annual gifting exclusion amount is the maximum amount of money or property ... View the full answer